Form 4
1. Name and Address of Reporting Person -
Peter R. Kellogg
C/O Spear, Leeds & Kellogg
120 Broadway
New York, New York 10271
2. Issuer Name and Ticker or Trading Symbol - Thousand
Trails, Inc. (TRV)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year - December, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer - 10% Owner
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security -- Common Stock $.01 Par Value
2. Transaction Date. -- December 19, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 400.
(A) or (D) = A.
Price 4.7500.
2. Transaction Date. -- December 19, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 500.
(A) or (D) = A.
Price 4.8750.
2. Transaction Date. -- December 20, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 200.
(A) or (D) = A.
Price 4.7500.
2. Transaction Date. -- December 26, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 1,000.
(A) or (D) = A.
Price 4.7500.
2. Transaction Date. -- December 28, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 1,000.
(A) or (D) = A.
Price 4.8750.
2. Transaction Date. -- December 28, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 2,000.
(A) or (D) = A.
Price 5.0000.
2. Transaction Date. -- December 29, 2000.
3. Transaction Code -- P.
4. Securities Acquired (A) or Disposed of (D)
Amount = 10,100.
(A) or (D) = A.
Price 5.0000.
5 Amount of Securities Beneficially Owned at End of Month
= 1,147,200.
6 Ownership Form -- (I).
7 Nature of Indirect Beneficial Ownership -- I.A.T.
Reinsurance Syndicate Ltd., a Bermuda Corporation of which
Mr. Kellogg is the sole holder of voting stock. Mr. Kellogg
disclaims beneficial ownership of these shares.
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security. N/A.
2. Conversion or Exercise Price of Derivative Security. N/A.
3. Transaction Date. N/A.
4. Transaction Code. N/A.
5. Number of Derivative Securities Acquired or Disposed N/A.
6. Date Exercisable and Expiration Date N/A.
7. Title and Amount of Underlying Securities N/A.
8. Price of Derivative Securities N/A.
9. Number of Derivative Securities Beneficially Owned at End
of Month N/A.
10.Ownership Form of Derivative Security
N/A.
11.Nature of Indirect Beneficial Ownership N/A.
January 9, 2001 Peter R. Kellogg
Date Peter R. Kellogg
